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Hot potato: this month's dilemma.

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Vincent
PositionINFORM

THE DILEMMA I am the finance manager at a global charity. Some of the members of our governing committee travel to overseas offices and I'm concerned about the expenses that one of them submits. These do not always reflect policy, exceeding limits for hotels and including big bar bills. But the FD is reluctant to challenge these and signs them off.

CIMA'S RESPONSE You may need to consider whether objectivity is being undermined (see section 120 of the handbook). If there is a policy, it would be best practice for it to be applied equally, since failing to do so poses a threat to internal controls (300.14). Consider whether an informed third party would conclude that compliance with the fundamental...

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